National Vision Q2 revenue down 7.3% to $509.6M; EPS $0.12; guidance lowered

National Vision Holdings, Inc.

2022-Q2 EPS reported $0.47 revenue$1,037,266,000

Net revenue $509.6M (-7.3% YoY); comparable store sales growth (11.0)%; adjusted comps (12.4)%.
Net income $9.7M (-74.1%); diluted EPS $0.12 (-70.9%); adjusted diluted EPS $0.21 (-57.0%).
Repurchased 2.6M shares for $73M; signed multi-year lens agreement extension with EssilorLuxottica.
FY2022 outlook lowered; management cites macro headwinds and exam capacity constraints.
Leadership: CFO Moore adds COO role; Rasmussen to become CFO Jan 2023; stores chief resigning Aug 31.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Patrick Moore

Chief Operating Officer

EYE · National Vision Holdings, Inc.

Effective: 2022-08-11
Filed: August 11, 2022, 7:59 PM ET

Patrick Moore, the Company’s Chief Financial Officer, has been appointed to the newly-created role of Chief Operating Officer, effective as of August 11, 2022

Departed

Roger Francis

Chief Stores Officer

EYE · National Vision Holdings, Inc.

Effective: 2022-08-31
Filed: August 11, 2022, 7:59 PM ET

Roger Francis, the Company’s Chief Stores Officer, notified the Company that he will be resigning from the Company effective August 31, 2022

Appointed

Melissa Rasmussen

Chief Financial Officer

EYE · National Vision Holdings, Inc.

Effective: 2023-01-01
Filed: August 11, 2022, 7:59 PM ET

Melissa Rasmussen, Senior Vice President, Finance and Accounting, will succeed Mr. Moore as Chief Financial Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Patrick Moore was appointed as Chief Operating Officer at National Vision Holdings, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Patrick Moore, the Company’s Chief Financial Officer, has been appointed to the newly-created role of Chief Operating Officer, effective as of August 11, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Roger Francis resigned as Chief Stores Officer at National Vision Holdings, Inc..

Action: resigned
Role: Chief Stores Officer

Exact text from the filing

Roger Francis, the Company’s Chief Stores Officer, notified the Company that he will be resigning from the Company effective August 31, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Melissa Rasmussen was appointed as Chief Financial Officer at National Vision Holdings, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Melissa Rasmussen, Senior Vice President, Finance and Accounting, will succeed Mr. Moore as Chief Financial Officer of the Company.

View on SEC.gov

National Vision Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001710155-22-000043

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